More than 600,000 people have joined the Chainge Finance DeFi app waitlist two months after its launch, ForkLog reported, citing project representatives.
The company announced the launch of a mobile app on January 6, 2021. To be added to the waitlist, users must connect a social-network account: upon registration or in the account dashboard. Waitlist participants receive CHNG governance tokens.
Chainge Finance is a DeFi project developing a mobile online-banking application on the Fusion blockchain platform.
Fusion’s core objective is to unite existing blockchains on a single platform. The project addresses this task using Distributed Control Rights Management (DCRM), Atomic Transactions (Atomic Transaction), and the Hierarchical Hybrid Consensus Mechanism (HHCM).
Fusion connects blockchains like Ethereum and Binance Smart Chain. This enables Chainge Finance to access a range of crypto assets in a single mobile app.
Chainge Finance awards CHNG tokens to users for registering on the site and participating in the referral program. The project plans to quarterly buy back and burn CHNG by 25% of profits to support the token price.
“De facto, the use of 25% of Chainge Finance’s profits for buybacks and burns implies that holders are invested in the project’s success. CHNG holders can receive various discounts on the Chainge platform,” said Dejun Qian, CEO of Fusion.
In October last year, the cryptocurrency exchange Binance awarded a grant to the decentralized exchange Anyswap, which is also compatible with the Fusion network.
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